Scope/Companies covered

All chargeable assets are subject to Capital Gains Tax when disposed at a gain aside those specifically exempted by the Act.

The rate is charged at a flat rate of 10% of chargeable gains.

Capital Gains Tax Act, Cap C1 LFN 2004 (amended)

1. Compensation for loss of employment below N10m to be exempted from CGT

Kindly click the link below to download the Capital Gain Tax Law

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SIAO is an independent Nigerian professional services firm, providing Audit & Assurance, Accounting, Tax, International Financial Reporting Standards Advisory, Human Resource, and Financial Advisory Services.

BOI House,
Plot 256, Zone A
Off Herbert Macaulay Way
Behind Unity Bank Building
Central Business District
Abuja

Tel: +23492912462,
Tel: +23492912463

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(Former Temple Road),
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Ikoyi,
Lagos.

Tel- +2347015180258